Comments on: Dumping Your Broker http://allfinancialmatters.com/2006/09/25/dumping-your-broker/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: Russell Bailyn http://allfinancialmatters.com/2006/09/25/dumping-your-broker/comment-page-1/#comment-28450 Russell Bailyn Tue, 26 Sep 2006 21:41:19 +0000 http://allthingsfinancialblog.com/2006/09/25/dumping-your-broker/#comment-28450 Transferring accounts is actually not that complicated if you know what you're doing. The biggest problem I've seen is that the companies giving up assets are pissed that a transfer request came through, so they delay the process for a week or two. There are actually laws against holding on to assets for too long, so usually the transferring agent will process the transfer sooner than later. The other problem is that many brokers just can't seem to spend 5 minutes to make sure a transfer is done properly. I'm talking about verifying account numbers, checking in with a broker/dealer on the status of the transfer, and calling a client to update them on the status of a transfer. If everything is done with a little care and concern, it's amazing how fast a transfer can be done. Transferring accounts is actually not that complicated if you know what you’re doing. The biggest problem I’ve seen is that the companies giving up assets are pissed that a transfer request came through, so they delay the process for a week or two. There are actually laws against holding on to assets for too long, so usually the transferring agent will process the transfer sooner than later. The other problem is that many brokers just can’t seem to spend 5 minutes to make sure a transfer is done properly. I’m talking about verifying account numbers, checking in with a broker/dealer on the status of the transfer, and calling a client to update them on the status of a transfer. If everything is done with a little care and concern, it’s amazing how fast a transfer can be done.

]]> By: Jason Johnson http://allfinancialmatters.com/2006/09/25/dumping-your-broker/comment-page-1/#comment-28346 Jason Johnson Tue, 26 Sep 2006 03:44:58 +0000 http://allthingsfinancialblog.com/2006/09/25/dumping-your-broker/#comment-28346 Very good article here: http://www.smartmoney.com/brokers/index.cfm?story=august2006&pgnum=2 Very good article here:

http://www.smartmoney.com/brokers/index.cfm?story=august2006&pgnum=2

]]> By: Mark http://allfinancialmatters.com/2006/09/25/dumping-your-broker/comment-page-1/#comment-28342 Mark Tue, 26 Sep 2006 02:36:02 +0000 http://allthingsfinancialblog.com/2006/09/25/dumping-your-broker/#comment-28342 anyone know of any good articles (objective, and by that i guess i mean an article that isn't secretly endorsed by one of them)that compare different brokerages against each other? anyone know of any good articles (objective, and by that i guess i mean an article that isn’t secretly endorsed by one of them)that compare different brokerages against each other?

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